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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE ) -- Ignore unavailable to you. Want to Upgrade?

To: gil who wrote (255)	4/5/1999 11:01:00 PM
From: Orwell	Respond to of 269

CKM is a dead duck. OPEC just cut output, that includes Indonesia, Venezuala is a bust. CKM has nothing of value, and loads of debt. It is only a matter of time before they go belly up. O.

To: gil who wrote (255)	4/8/1999 7:30:00 PM
From: balisurf	Read Replies (1) \| Respond to of 269

Gil, Carmanah shares may very well soon be wall paper for the bathroom. Camar is shut in, the most recent well in Venezuela is very marginal as is that entire project under those fiscal terms and at those depths (expensive wells). Worse, the remaining commitments in Indonesia are formidable 1) two offshore wells in Langsa and 2) one more well in East Natuna. In Indonesia you do not simply walk away from these commitments and anyone taking over Carmanah will have to honor these. Carmanah is still a great short as they approach the bank deadline and they may be delisted very soon after..... Balisurf